Disney plans several thousand layoffs, asks managers to cut costs

· Economy · United States

Disney plans to lay off several thousand employees in its latest round of job cuts, and has asked some managers to cut costs by up to 20%, CNBC reported. The entertainment giant has been restructuring to control spending as its streaming business matures and traditional television declines. The cuts add to a wave of media-industry job reductions and signal continued pressure on content budgets and studio operations.

Why it matters：Disney's cuts show how the shift from television to streaming is forcing even the largest media companies to shrink costs, with knock-on effects for production, employment and content output.

Key points

  • Disney expects to lay off several thousand employees.
  • Some managers were asked to cut costs by up to 20%.
  • The cuts come as streaming matures and traditional TV declines.

Sources (original reporting)

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